(1) It is unlawful and a violation of this chapter for any person:
(a) To offer or sell, in this state or from this state, any security or investment when such offer or sale is in violation of s. 517.301 or s. 517.311; or
(b) To directly or indirectly manage, supervise, control, or own, either alone or in association with others, any boiler room in this state which sells or offers for sale any security or investment in violation of paragraph (a).
(2) Any purchaser of a security or investment sold in violation of subsection (1) is entitled to rescind such purchase at any time and recover damages as provided in s. 517.211(3)(a), (4), and (6).
History.—ss. 11, 15, ch. 84-159; ss. 14, 15, ch. 90-362; s. 4, ch. 91-429.
Structure Florida Statutes
Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations
Chapter 517 - Securities Transactions
517.03 - Rulemaking; Immunity for Acts in Conformity With Rules.
517.061 - Exempt Transactions.
517.0611 - Intrastate Crowdfunding.
517.07 - Registration of Securities.
517.072 - Viatical Settlement Investments.
517.075 - Cuba, Prospectus Disclosure of Doing Business With, Required.
517.081 - Registration Procedure.
517.082 - Notification Registration.
517.111 - Revocation or Denial of Registration of Securities.
517.12 - Registration of Dealers, Associated Persons, Intermediaries, and Investment Advisers.
517.1201 - Notice Filing Requirements for Federal Covered Advisers.
517.1202 - Notice-Filing Requirements for Branch Offices.
517.121 - Books and Records Requirements; Examinations.
517.131 - Securities Guaranty Fund.
517.141 - Payment From the Fund.
517.151 - Investments of the Fund.
517.191 - Injunction to Restrain Violations; Civil Penalties; Enforcement by Attorney General.
517.201 - Investigations; Examinations; Subpoenas; Hearings; Witnesses.
517.2015 - Confidentiality of Information Relating to Investigations and Examinations.
517.2016 - Public Records Exemption; Examination Techniques or Procedures.
517.211 - Remedies Available in Cases of Unlawful Sale.
517.221 - Cease and Desist Orders.
517.275 - Commodities; Prohibited Practices.
517.301 - Fraudulent Transactions; Falsification or Concealment of Facts.
517.311 - False Representations; Deceptive Words; Enforcement.
517.312 - Securities, Investments, Boiler Rooms; Prohibited Practices; Remedies.
517.313 - Destroying Certain Records; Reproduction.
517.32 - Exemption From Excise Tax, Certain Obligations to Pay.